FAC2601 EXAM WRITTEN 16 MAY 2026 COMPLETE ANSWERS DISTINCTION GUARANTEED

FAC2601 Question 1


Machine Super A

Component 1 depreciation = (5 000 000 – 400 000) / 5 = 920 000 per year
Component 2 depreciation = 3 000 = 750 000 per year
Depreciation (Jan–Sep 2025) = 750 000 × 9/12 = 562 500
Carrying amount of part replaced = 1 000 000 – (1 000 000/4 × 1) = 750 000
Remaining carrying amount after removal = 1 687 500 – 750 000 = 937 500
New part depreciation = 1 100 × 3/12 = 68 750
Total Component 2 depreciation = 631 250
Component 3 depreciation = 2 000 = 1 000 000 per year

Machine Super Component 1 Component 2 Component 3 Total
A

Opening Acc 920 000 750 000 1 000 000 2 670 000
Dep

Additions - 1 100 000 2 100 000 3 200 000

Disposals (CA) - (750 000) - (750 000)

Depreciation 920 000 631 250 1 000 000 2 551 250

Closing 3 160 000 1 968 750 2 100 000 7 228 750
Carrying
Amount



Aircraft (Verified Calculations)
Engines: 18 000 000 = 1 800 × 1 000 hrs = 1 800 000
Airframe: 12 000 000 = 600 × 1 000 hrs = 600 000
Furniture: 5 000 000 = 1 000 × 1 000 hrs = 1 000 000
Inspection disposal CA = 1 250 000 and new inspection = 4 000 000
Inspection depreciation = 1 250 000 + 1 000 000 = 2 250 000

Aircraft Engines Airframe Furniture Inspection Total

, Opening Acc 1 800 000 600 000 1 000 000 2 500 000 5 900 000
Dep

Additions - - - 4 000 000 4 000 000

Disposals - - - (1 250 000) (1 250 000)
(CA)

Depreciation 1 800 000 600 000 1 000 000 2 250 000 5 650 000

Closing 14 400 000 10 800 000 3 000 000 2 750 000 30 950 000
Carrying
Amount